INDUSTRIAL & COMMERCIAL PROPERTY LOAN

You can use the OCBC Commercial Property Loan to finance the purchase of industrial or commercial properties for your own business use or as an investment. It can also be used to refinance an existing commercial property loan with another financial institution, subject to the Bank’s terms and conditions.

Changes in the Standardised Base Rate (SBR) will impact your effective lending rate and your monthly loan repayments. A reduction in the SBR may lower your monthly repayments and decrease the overall interest payable throughout the tenure of your Commercial Property Loan. Conversely, an increase in the SBR may result in higher monthly repayments and a higher total interest cost over the loan tenure.

For illustration purpose, based on a financing amount of RM500,000 with a 10-year tenure:
•    At the current interest rate, the monthly repayment is RM5,181.92.
•    A 1% reduction in the interest rate decreases the monthly repayment to RM4,942.22, while a 2% reduction lowers it further to RM4,709.12.
•    Conversely, a 1% increase in the interest rate raises the monthly repayment to RM5,426.31, while a 2% increase increases it to RM5,677.40.
This illustration demonstrates how fluctuations in the SBR may affect your repayment obligations over the life of the loan.

Depending on your application, the following fees and charges may apply to OCBC Commercial Property Loan: 
-    Legal fees and related disbursements (where applicable)
-    Valuation fees 
-    Stamp duty 
-    RM10 redraw fee per transaction (limited to 1 redraw per day)

If you fully redeem or settle your Commercial Property Loan during the lock-in period, an early termination fee of 2% of the facility limit may apply. Please refer to your Letter of Offer for the application fees, lock-in period and terms and conditions.